BBMG Corp (2009 HK) announced that it has entered into a long-term strategic cooperation agreement with China Construction Bank, which allows the company to maintain 15 billion yuan credit amount in the brokerage. (Hong Kong Economic Journal P.8)
Beijing Enterprises (392 HK) recorded a profit of HK$2.4 billion for the year 2009, up 5 per cent compared with a year ago. The company is interested in A-share listing and considering selling or exchanging its highway toll business. Earnings per share were HK$2.11. A final dividend of HK$0.45 per share was declared. (Sing Tao Daily B4)
Bonjour (653 HK) recorded a net profit of HK$160 million for the year 2009, up 20.9 per cent. Payout ratio for the year was up 100 per cent. A final dividend of 32.5 HK cents per share and special dividend of 17.5 HK cents per share were declared. (Hong Kong Economic Times A12)
China Merchants Holdings (144 HK) posted a better-than-expected profit of HK$3.238 billion for the year 2009, down 12 per cent year on year, as financial crisis hurt the shipping business. Earnings per share were HK$1.33. A final dividend of HK$0.32 per share was declared. (Sing Tao Daily B2)
Comba Telecom Systems (2342 HK) posted a net profit of HK$565 million for the year 2009, surging 1.5 times. A final dividend of 8 HK cents per share and special dividend of 4 HK cents per share were declared. Bonus shares will be issued to the shareholders on the basis of 1 bonus share for every 10 ordinary shares held. (Hong Kong Economic Times A12)
China’s biggest offshore energy explorer CNOOC (883 HK) reported full-year profit of 29.486 billion yuan, down 33 per cent compared with a year ago as oil prices slumped from a record. Earnings per share were 0.66 fens. A final dividend of HK0.20 per share was declared. (Sing Tao Daily B3)
Greentown China (3900 HK) nearly doubled its first quarter sales to 7.7 billion yuan, compared with the same period a year ago. The company said its land reserve has reached over 30 million square meters after conducting several acquisitions this year. (Hong Kong Economic Journal P.8)
Hengdeli Holdings (3389 HK), the retail partner of Swatch Group AG in China, is accelerating the pace of watch-store openings after increasing demand for luxury goods has boosted first-quarter sales by 35 per cent. The company plans to open 60 stores on the mainland and Taiwan this year, according to the CEO. (Sing Tao Daily B3)
Hontex International (946 HK), suspended on Tuesday for a case of misleading information being given out, got its entire capital of HK$1 billion freezed by the SFC, an unprecedented move in decades for the market watchdog. The SFC required the company to report detailed company financial information in seven days.
Jiangxi Copper (358 HK), China’s biggest metal producer, posted a net income of 2.38 billion yuan for the year 2009, up 4.29 per cent year on year. The company is said to mull on acquiring a copper company in Shangdong province. Earnings per share were 0.79 yuan. A final dividend of 0.1 yuan per share was declared. (Sing Tao Daily B4)
Lianhua Supermarket (980 HK) posted a net profit of 507 million yuan for the year 2009, up 22.86 per cent year-on-year. Earnings per share were 81fens. A final dividend of 16 fens yuan per share was declared. (Hong Kong Economic Journal P.11)
Shanghai Industrial (363 HK), the city government’s Hong Kong-listed investment arm, recorded a 36 per cent increase of its 2009 profit, reaching HK$2.86. The company will complete the acquisition of Neo-China Land in the second quarter. Earnings per share were HK$2.65. A final dividend of 60 HK cents per share was declared. (Sing Tao Daily B2)
Trinity Limited (891 HK) posted a better-than-expected net profit of HK$179.6 million for the year 2009, up 83.3 per cent, as the market rebounded strongly in the second half. Earnings per share were 14.2 HK cents. A final dividend of 7 HK cents per share was declared. (Hong Kong Economic Times A12)
Xinao Gas (2688 HK) reported a net profit of 800 million yuan for the year 2009, up 26.9 per cent. A final dividend of 21.65 HK cents per share was declared. (Hong Kong Economic Times A12)
Yue Yuen Industrial’s (551 HK) major shareholder, Choi family, sold 30 million shares at a price ranging from 25 to 25.75 per share, raising up to HK$773 million yesterday.
The company also announced to be negotiating with a financial institution to borrow up to HK$23.28 billion. (Sing Tao Daily B1)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
